Major market shake-up: The past hour witnessed massive liquidations totaling over $458 million across crypto derivatives. What's striking is the asymmetry—shorts bore the brunt with $419.03M wiped out, while long positions saw $39.04M liquidated. This imbalance suggests aggressive short-covering or a sudden bullish spike that caught bears off guard. Such concentrated liquidation events often signal volatility compression ahead or potential trend shifts. Traders should monitor position sizing and leverage levels closely as market swings intensify.